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French €1.5 million crypto fraud case cracked, mother and son arrested

2026-07-04 12:48:40

Abstract generation in progress

ME News report: On July 4 (UTC+8), after a year-long investigation, police in France’s Var department successfully uncovered a cryptocurrency fraud case involving €1.5 million, arresting a mother and son involved in the case. The duo carried out a “Rip Deal” (false sales) scam, falsely claiming they could purchase luxury homes on behalf of others, luring a wealthy couple in Ramatuelle to Milan and demanding they pay €1.5 million in cryptocurrency transaction guarantee fees. During the operation, the suspects used hidden cameras to secretly record and steal the victims’ cryptocurrency account information and private keys, then transferred all of the victims’ crypto assets. Police arrested the mother and son in Cavalaire and simultaneously seized properties worth €1.9 million registered under the suspects’ names. Both suspects have prior records of multiple fraud offenses and will stand trial on September 1, facing multiple criminal charges related to fraud by an organized group. (Source: PANews)

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